Day: April 22, 2026
SK Hynix posts record first-quarter profit, in line with estimates as memory prices climb
A SK Hynix flag (R) and a South Korean national flag (L) flutter outside the company’s Bundang office in Seongnam on Jan. 26, 2024. Jung Yeon-je | Afp | Getty Images South Korean memory chip giant SK Hynix posted yet another quarter of record profit and revenue on Thursday, as prices for its products continue […]
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AI will boost productivity so ServiceNow won’t have to backfill open jobs, CEO says
Bill McDermott, CEO of ServiceNow, speaking on CNBC’s Squawk On The Street outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025. Gerry Miller | CNBC ServiceNow CEO Bill McDermott told CNBC on Wednesday that he expects the company to have the same headcount to begin 2027 as it did to start 2026, even […]
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IBM CEO Krishna says Iran, other uncertainty is weighing on company’s outlook
IBM CEO Arvind Krishna speaks at the SXSW conference in Austin, Texas, on March 11, 2025. Andy Wenstrand | Sxsw Conference & Festivals | Getty Images International Business Machines CEO Arvind Krishna told CNBC on Wednesday that the Iran war and other geopolitical uncertainty are leading the company to guide cautiously. IBM beat analyst first-quarter […]
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IBM shares turn lower as company beats but opts to maintain guidance
IBM CEO Arvind Krishna appears at a Diwali celebration in the Oval Office of the White House in Washington on Oct. 21, 2025. Allison Robbert | Bloomberg | Getty Images IBM shares slipped 6% in extended trading on Wednesday after the hardware, software and consulting provider reported stronger-than-expected first-quarter results but maintained full-year guidance. Here’s […]
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U.S. Navy Secretary John Phelan leaving Trump administration: Pentagon
US Navy Secretary John Phelan speaks about the US Navy’s new Golden Fleet initiative, unveiling a new class of warships, at Mar-a-Lago in Palm Beach, Florida, on Dec. 22, 2025. Andrew Caballero-Reynolds | AFP | Getty Images Secretary of the Navy John Phelan is leaving the Trump administration “effective immediately,” a spokesman for the Department […]
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Stocks making the biggest moves after hours: Tesla, IBM, ServiceNow, Southwest Airlines and more
Check out the companies making headlines after the bell : International Business Machines — The technology giant slipped 6% after IBM failed to raise its full-year guidance after posting an earnings beat. IBM reported first-quarter earnings of $1.91 per share, excluding items, beating forecasts of $1.81, according to LSEG. The company’s $15.92 billion in revenue […]
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ServiceNow stock sinks 14% as subscription revenue takes hit from Iran war
Bill McDermott, CEO of ServiceNow Inc., during the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, July 10, 2025. David Paul Morris | Bloomberg | Getty Images ServiceNow reported first-quarter results on Wednesday that narrowly beat Wall Street’s estimates as the software company said the conflict in the Middle East dragged on […]
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Kalshi suspends, fines 3 congressional candidates in ‘insider trading’ enforcement actions
A Kalshi advertisement at a bus stop in Washington, D.C., March 19, 2026. Daniel Heuer | Bloomberg | Getty Images Prediction market platform Kalshi said Wednesday it had suspended and fined three candidates for Congress from Minnesota, Texas and Virginia for “political insider trading” activity on their own campaigns. Kalshi said in a statement that […]
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Lululemon names former Nike exec Heidi O’Neill as new CEO
Lululemon store sign on March 2,, 2026 in London, United Kingdom. Peter Dazeley | Getty Images Lululemon on Wednesday named Heidi O’Neill as the athleisure company’s new CEO, effective Sept. 8. The news comes after the company has seen more than a year of disappointing performance and been embroiled in a dramatic proxy battle, with […]
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BMW says it has no intention of dropping sedans, even as some rivals cut back
BMW wants to keep making sedans in spite of U.S. tariff pressures on German imports and the far higher sales of sport utility vehicles, said Sebastian Mackensen, the company’s North America chief. Mackensen made the comments in an interview on Tuesday, a day before BMW unveiled an updated version of its full-size 7 Series sedan, […]
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